Market Research Report

Global Smart Building Market Report By Component (Solutions, (Building Infrastructure Management (Parking Management System, Smart Water Management System, Elevators and Escalators Management System) Security and Emergency Management (Access Control System, Video Surveillance System, Safety System) Energy Management, (HVAC Control System, Lighting System) Network Management, IWMS) Services(Consulting, Implementation, Support and Maintenance)), By Building Type (Residential, Commercial, Industrial) And By Regions - Industry Trends, Size, Share, Growth, Estimation and Forecast, 2021-2028

August 2021
Report Formats: Report Formats
Global Smart Building Market Overview
The key driver impacting the Smart building market is the growing government regulations related to increasing the energy efficiency of buildings. For instance, Government initiatives like the E.U.’s Energy Performance of Buildings Directive (EPBD) and the U.S. Commercial Building Initiative (CBI) is compelling businesses and public authorities to intensify their efforts towards bounding energy consumption and greenhouse gases emissions at the community level. The rising awareness of space utilization and smart infrastructure is encouraging market demand. Moreover, the increasing adoption of IoT-enabled building energy management systems contributes to Smart building market demand later.
According to Value Market Research, the global Smart Building market size was valued at about USD 66.5 billion in 2020 and is estimated to grow at a CAGR of around 11% during the forecast period 2021 to 2027.

The rising government initiatives on adopting smart solutions will likely augment Smart building demand in the forecast period. For instance, The U.S. Green Building Council started the 'LEED' program in association with the Bank of America Charitable Foundation, which supports the local governments searching for sustainable solutions. There are huge concerns related to high Energy Consumption in the buildings, which leads to the increased adoption of smart solutions. However, the dearth of cooperation among standard bodies hampers the market in the long run. In addition, high implementation cost is impeding the market growth. Nevertheless, the market trends, such as the appearance of the 5G technology and the growing smart city trend, might provide considerable opportunities to the market's leading players.

The Smart building market is widespread, with many international and local players. The market leaders make use of diverse strategies such as extending product portfolio, amalgamation,  acquisitions, product upgrades, contracts to strengthen their market share globally. For instance, in August 2019 - a global vendor in smart building technology and services, Honeywell International, Inc. had introduced the next generation of enterprise building integration (EBI), command and control suite (CCS), and digital video manager (DVM). It is a group of solutions facilitated by the Honeywell Forge for Buildings platform. These solutions can enable facility efficiency, streamline complex functions, and deliver savings across an enterprise. The market players in the report are Advantech Co. Ltd, Honeywell International Inc., ABB Ltd., IBM Corporation, Siemens AG, Schneider Electric SE, Johnson Controls International PLC, Hitachi Ltd, Sony Corporation, IBM Corporation, and Cisco Systems.

Global Smart Building Market Share

In this research report, the Smart building market is segmented by component, building type, and region.In this research report, the Smart building market is segmented by component, building type, and region. 

Analysis by Component:
By component, the report is divided into services and solutions. The energy management solutions segment dominates the component segment with the highest share in 2020. It is due to the increasing need to reduce and monitor the energy consumption of the building. Moreover, smart building energy management solution helps in reducing operational expenses which is an ongoing challenge for managers and owners of schools, multistory buildings, or building complexes contribute to the growth of the smart building energy management solutions segment. 

Analysis by Building Type:
By building type, the report is segmented into residential, commercial, and industrial. The commercial segment dominates the building type segment with the highest share in 2020. It is due to the high demand for suitable and specially made solutions for optimized energy performance. Also, the need to reduce building energy consumption without compromise of security and comfort and improving the energy performance of the commercial buildings leads to high market demand from the commercial sector.

Analysis by Region:  
In the regional overview of the global Smart Building market, the North America region dominates with the largest market share in 2020. It is due to the appearance of the latest smart building solutions and the massive adoption of advanced technologies, like IoT, big data, cloud computing, data analytics, deep learning, and artificial intelligence for energy, reducing operational expenditures in U.S. and Canada. The growing efforts to meet strict global regulations and sustainability standards in Canada and the U.S. drive more market demand in this region. Moreover, the growing investment by U.S. government organizations into smart building measures, such as building controls and building systems integration initiatives, contributes to the tremendous market growth across the North America region.

Market Segmentation covered in the Report:

By Component
  • Solutions
    • Building infrastructure Management
      • Parking Management System
      • Smart Water Management System
      • Elevators and Escalators Management System
    • Security and Emergency Management
      • Access Control System
      • Video Surveillance System
      • Safety System
  • Energy Management
    • HVAC Control System
    • Lighting System
  • Network Management
  • IWMS
  • Services
    • Consulting          
    • Implementation              
    • Support and Maintenance
By Building Type
  • Residential
  • Commercial
  • Industrial
By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa


This market research report has been produced by gathering information on the basis of primary and secondary research. Secondary research has been done by using various sources which include (but not limited to) Company Websites, Paid Data Sources, Technical Journals, Financial Reports, SEC Filings, and other different industry publications. 

If specific information is required which is not currently within the scope of the report, it can be provided as a part of customization.

       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
       2.1. Highlights of Market
       2.2. Global Market Snapshot
       3.1. Introduction - Market Dynamics
       3.2. Market Drivers
       3.3. Market Restraints
       3.4. Opportunities
       3.5. Industry Trends
       3.6. Porter’s Five Force Analysis
       3.7. Market Attractiveness Analysis
           3.7.1 By Component
           3.7.2 By Building Type
           3.7.3 By Region
       4.1. Value Chain Analysis
       4.2. Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Raw Material Manufactures List
           4.2.3. Price Trend of Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
       5.5. COVID-19: Micro and Macro Factor Analysis
       6.1 Overview by Component
       6.2 Historical and Forecast Data
       6.3 Analysis by Component
       6.4 Solutions Market by Regions
       6.6 Services Market by Regions
       7.1 Overview by Building Type
       7.2 Historical and Forecast Data
       7.3 Analysis by Building Type
       7.4 Residential Market by Regions
       7.5 Commercial Market by Regions
       7.6 Industrial Market by Regions
       8.1. Regional Outlook
       8.2. Introduction
       8.3. North America
           8.3.1. Overview, Historic and Forecast Data
           8.3.2. North America By Segment
           8.3.3. North America By Country
           8.3.4. United State
           8.3.5. Canada
           8.3.6. Mexico
       8.4. Europe
           8.4.1. Overview, Historic and Forecast Data
           8.4.2. Europe by Segment
           8.4.3. Europe by Country
           8.4.4. United Kingdom
           8.4.5. France
           8.4.6. Germany
           8.4.7. Italy
           8.4.8. Russia
           8.4.9. Rest Of Europe
       8.5. Asia Pacific
           8.5.1. Overview, Historic and Forecast Data
           8.5.2. Asia Pacific by Segment
           8.5.3. Asia Pacific by Country
           8.5.4. China
           8.5.5. India
           8.5.6. Japan
           8.5.7. South Korea
           8.5.8. Australia
           8.5.9. Rest Of Asia Pacific
       8.6. Latin America
           8.6.1. Overview, Historic and Forecast Data
           8.6.2. Latin America by Segment
           8.6.3. Latin America by Country
           8.6.4. Brazil
           8.6.5. Argentina
           8.6.6. Peru
           8.6.7. Chile
           8.6.8. Rest of Latin America
       8.7. Middle East & Africa
           8.7.1. Overview, Historic and Forecast Data
           8.7.2. Middle East & Africa by Segment
           8.7.3. Middle East & Africa by Country
           8.7.4. Saudi Arabia
           8.7.5. UAE
           8.7.6. Israel
           8.7.7. South Africa
           8.7.8. Rest Of Middle East And Africa
       9.1. Smart Building Market Competition
       9.2. Partnership/Collaboration/Agreement
       9.3. Merger And Acquisitions
       9.4. New Product Launch
       9.5. Other Developments
       10.1. Company Share Analysis
       10.2. Market Concentration Rate
       10.3. Advantech Co. Ltd
           10.3.1. Company Overview
           10.3.2. Financials
           10.3.3. Products
           10.3.4. Recent Developments
       10.4. Honeywell International Inc.
           10.4.1. Company Overview
           10.4.2. Financials
           10.4.3. Products
           10.4.4. Recent Developments
       10.5. ABB Ltd.
           10.5.1. Company Overview
           10.5.2. Financials
           10.5.3. Products
           10.5.4. Recent Developments
       10.6. IBM Corporation
           10.6.1. Company Overview
           10.6.2. Financials
           10.6.3. Products
           10.6.4. Recent Developments
       10.7. Siemens AG
           10.7.1. Company Overview
           10.7.2. Financials
           10.7.3. Products
           10.7.4. Recent Developments
       10.8. Schneider Electric SE
           10.8.1. Company Overview
           10.8.2. Financials
           10.8.3. Products
           10.8.4. Recent Developments
       10.9. Johnson Controls International PLC
           10.9.1. Company Overview
           10.9.2. Financials
           10.9.3. Products
           10.9.4. Recent Developments
       10.10. Hitachi Ltd
           10.10.1. Company Overview
           10.10.2. Financials
           10.10.3. Products
           10.10.4. Recent Developments
       10.11. Sony Corporation
           10.11.1. Company Overview
           10.11.2. Financials
           10.11.3. Products
           10.11.4. Recent Developments
       10.12. IBM Corporation
           10.12.1. Company Overview
           10.12.2. Financials
           10.12.3. Products
           10.12.4. Recent Developments
       10.13. Cisco Systems
           10.13.1. Company Overview
           10.13.2. Financials
           10.13.3. Products
           10.13.4. Recent Developments
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies

  • Market Snapshot
  • Drivers : Impact Analysis
  • Restraints : Impact Analysis
  • List of Raw Material
  • List of Raw Material Manufactures
  • List of Potential Buyers
  • COVID-19 Impact Analysis by Production, Import, Export and Demand
  • Pre V/S Post COVID-19
  • Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  • COVID-19: Micro and Macro Factor Analysis
  • Analysis by Component (USD MN)
  • Solutions Market by Geography (USD MN)
  • Services Market by Geography (USD MN)
  • Analysis Market by Building Type  (USD MN)
  • Residential Market by Geography (USD MN)
  • Commercial Market by Geography (USD MN)
  • Industrial Market by Geography (USD MN)
  • Global Smart Building Market by Geography (USD MN)
  • North America Market Analysis (USD MN)
  • United State Market Analysis (USD MN)
  • Canada Market Analysis (USD MN)
  • Mexico Market Analysis (USD MN)
  • Europe Market Analysis (USD MN)
  • Europe Market Estimate by Country (USD MN)
  • United Kingdom Market Analysis (USD MN)
  • France Market Analysis (USD MN)
  • Germany Market Analysis (USD MN)
  • Italy Market Analysis (USD MN)
  • Russia Market Analysis (USD MN)
  • Spain Market Analysis (USD MN)
  • Rest of Europe Market Analysis (USD MN)
  • Asia Pacific Market Analysis (USD MN)
  • China Market Analysis (USD MN)
  • Japan Market Analysis (USD MN)
  • India Market Analysis (USD MN)
  • South Korea Market Analysis (USD MN)
  • Australia Market Analysis (USD MN)
  • Rest of Asia Pacific Market Analysis (USD MN)
  • Latin America Market Analysis (USD MN)
  • Brazil Market Analysis (USD MN)
  • Argentina Market Analysis (USD MN)
  • Peru Market Analysis (USD MN)
  • Chile Market Analysis (USD MN)
  • Rest of Latin America Market Analysis (USD MN)
  • Middle East & Africa Market Analysis (USD MN)
  • Saudi Arabia Market Analysis (USD MN)
  • UAE Market Analysis (USD MN)
  • Israel Market Analysis (USD MN)
  • South Africa Market Analysis (USD MN)
  • Rest of Middle East and Africa Market Analysis (USD MN)
  • Partnership/Collaboration/Agreement
  • Mergers And Acquisiton
  • Research Scope of Smart Building Report
  • Market Research Process
  • Market Research Methodology
  • Global Smart Building Market Size, by Region (USD MN)
  • Porters Five Forces Analysis
  • Market Attractiveness Analysis by Component
  • Market Attractiveness Analysis by Building Type
  • Market Attractiveness Analysis by Region
  • Value Chain Analysis
  • Global Market Analysis by Component (USD MN)
  • Solutions Market by Geography (USD MN)
  • Services Market by Geography (USD MN)
  • Global Market Analysis by Building Type  (USD MN)
  • Residential Market by Geography (USD MN)
  • Commercial Market by Geography (USD MN)
  • Industrial Market by Geography (USD MN)
  • Global Market by Revenue
  • North America Market by Revenue
  • Europe Market by Revenue
  • Asia Pacific Market by Revenue
  • Latin America Market by Revenue
  • Middle East & Africa Market by Revenue
  • Recent Development in Industry
  • Company Market Share Analysis
 * Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC

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